Key facts
- Coram AI, a physical security startup, has raised $35 million in a funding round.
- The round was co-led by Ansa Capital and Battery Ventures, with participation from UP Partners, 8VC, and Mosaic Ventures.
- This funding brings the company's total raised to $66 million.
- Coram AI's platform integrates video surveillance, access control, visitor logs, and emergency response into a single interface.
- The company claims to have quadrupled revenues and tripled its customer base since its last funding round.
- Coram AI is launching a new 'Deep Investigation' feature that uses autonomous agents to analyze security data.
Physical security startup Coram AI has secured $35 million in a funding round co-led by Ansa Capital and Battery Ventures, bringing its total funding to $66 million. The company utilizes an AI platform that integrates various security systems, including video surveillance and access control, into a unified interface.
Coram AI's approach, developed by co-founders Ashesh Jain and Peter Ondruska, leverages AI perception technology similar to that used in autonomous vehicles to make security operations more proactive rather than reactive. Jain, who previously led autonomy at Lyft's self-driving division, stated that the goal is to catch risks earlier and enhance safety in schools, hospitals, and workplaces.
The newly raised capital will support accelerated product development, expansion of go-to-market and customer success teams, and growth of its engineering presence in Bengaluru. Since its last funding round, Coram AI reports a quadrupling of revenues and a tripling of its customer base, now covering over 1,500 sites across the US and Canada.
Key customers include Fortune 500 companies, school districts, healthcare providers, and municipalities. The platform is deployed on-premise to ensure data privacy while offering cloud accessibility. Coram AI is also introducing 'Deep Investigation,' a feature employing autonomous agents to analyze security data across multiple sources, significantly reducing investigation times.